Cashing out for the 8th time this year! The Pepe team sold 21.49 billion PEPE worth about US$355,000

With Bitcoin once returning to the US$70,000 mark today and the positive expectations of the passage of the Ethereum spot ETF, the cryptocurrency market has recovered. Among them, the Meme currency PEPE, which has hit historical highs many times recently, is particularly strong. It hit a new historical high of $0.00001717 again yesterday (27th) afternoon.

It reported US$0.00001691 before the deadline, with an increase of 52.9% in the past week, and a market value of US$7.11 billion, ranking 21st in the overall cryptocurrency market, surpassing MATIC, which has a market value of US$6.93 billion.

The team sold 21.49 billion PEPE at a high point

In this context, according to the on-chain data monitoring platform SpotonChain’s post this morning, the PEPE development team broke through the all-time high last night (27th) Soon after, 21.49 billion PEPEs (worth approximately US$355,000) were sold.

According to statistics, since the price of PEPE increased at the end of February this year, the PEPE development team has sold a total of 282.8 billion PEPE (approximately US$2.28 million), which has also caused the community to question the team's selling at high points for personal gain. Currently, the team still holds 2.52 trillion PEPE (approximately $42.588 million) in its wallet.

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